Summary about cost of living in Indianapolis, IN, United States: Family of four estimated monthly costs are 3,422$ without rent. A single person estimated monthly costs are 977$ without rent. Indianapolis is 28.76% less expensive than New York (without rent).
What is the average cost to live in Indiana?
Average Cost of Living in Indiana: $38,097 per year
According to the Bureau of Economic Analysis , the average cost of living in Indiana will run you around $38,097 per year.
Is Indiana expensive to live in?
Indiana. With an overall cost of living index of 90.4, Indiana comes in at number ten for most affordable cost of living in the U.S, but that definitely doesn’t mean it’s expensive!
How much money do I need to move to Indiana?
If you’re moving to Indianapolis, you don’t have to worry about spending too much for a comfortable living as the city’s cost of living is cheaper than most cities in the US. So an annual salary of over $30k should be more than enough for a comfortable living in Indianapolis.
Is housing cheap in Indiana?
The Circle City is No. 12 nationally for most affordable housing costs, according to SmartAsset.com. Indy also ranks among the best for its closing costs and property taxes in the new survey of more than 150 U.S. cities.
What is the cheapest state to live in?
Mississippi
Mississippi. Mississippi is the cheapest state to live in in the United States. Overall, costs in the state are 17% lower than the national average. Housing costs in Mississippi are the lowest in the nation.
Is Indiana a cheap state?
A recent report by GOBankingRates has Indiana ranked as one of the top three most affordable states to live. The financial website looks at what it would take financially to live in all 50 states according to the cost of living. You can guess some of the most expensive ones, such as California, New York and Hawaii.
How affordable is Indiana?
An amount below 100 means Indiana is cheaper than the US average.
Indiana cost of living is 82.1.
| COST OF LIVING | Indiana | United States |
|---|---|---|
| Overall | 82.1 | 100 |
| Grocery | 92.9 | 100 |
| Health | 82.2 | 100 |
| Housing | 61.7 | 100 |
How much does it cost to live alone in Indiana?
Summary about cost of living in Indianapolis, IN, United States: Family of four estimated monthly costs are 3,487$ without rent. A single person estimated monthly costs are 992$ without rent. Indianapolis is 28.37% less expensive than New York (without rent).
What is a good salary in Indiana?
Average Salary in Indiana. 9% of jobs $45,697 is the 25th percentile. Salaries below this are outliers. 27% of jobs $68,315 is the 75th percentile.
What is the minimum wage in Indiana?
State Minimum Wage Rates
| State | 2020 Minimum Wage | 2022 Minimum Wage |
|---|---|---|
| Indiana | $7.25 | $7.25 |
| Iowa | $7.25 | $7.25 |
| Kansas | $7.25 | $7.25 |
| Kentucky | $7.25 | $7.25 |
What should I know before moving to Indiana?
9 Things to Know Before Moving to Indiana
- Indiana Has Wild Weather. Hail, snow, humidity, and tornadoes are no strangers to Indiana.
- Agriculture is a Big Deal.
- Housing is Affordable.
- The Land of Covered Bridges.
- It’s Not All Flat.
- There’s Plenty To Do.
- Moving is Stressful.
- Business is Booming.
What are the benefits of living in Indiana?
To help you decide.
- Low cost of living.
- Friendly people.
- Low crime rates.
- Excellent universities.
- Nice 4-season weather.
- Cold and snowy winters.
- Lack of diversity.
- Limited public transportation.
Where is the lowest cost of living in Indiana?
Here are the top 10 cheapest places to live in Indiana:
- New Whiteland.
- Wabash.
- Rushville.
- North Vernon.
- Elwood.
- Princeton.
- North Manchester.
- Huntington.
Is Indiana a good place to live?
If you’re looking to jumpstart your career, Indianapolis is ranked 21st in the US. This is due to the healthcare industry and growing technology sector. According to Forbes Magazine, the cost of living in Indianapolis is 7.6% below the national average making it a great place to both live and work.
What is the cheapest town to live in in Indiana?
The cheapest cities in Indiana for renters
- Columbus.
- Lafayette.
- Mishawaka.
- Kokomo.
- West Lafayette.
- South Bend.
- Greenwood.
- Muncie.
How can I live for free?
14 Ways to Live Rent-Free
- Teach English Abroad.
- Volunteer with Peace Corps or AmeriCorps.
- Become an Au Pair.
- Trade Services for Free Rent.
- Become a House Sitter.
- Become a Resident Assistant at Your College.
- Find a Job That Provides Housing.
What state in the US has the cheapest rent?
Cheapest State for Rent in the US
The least expensive state for rent is West Virginia with an average rent price of $800.
What is the cheapest and safest state to live in?
Here are the 10 most affordable states in the U.S.:
- Indiana. Average cost of living index: 90.57.
- Michigan. Average cost of living index: 90.40.
- Missouri. Average cost of living index: 89.75.
- Tennessee. Average cost of living index: 89.49.
- Georgia. Average cost of living index: 89.30.
- Arkansas.
- Alabama.
- Oklahoma.
What’s the cheapest city to live in?
Here are the top 10 most affordable cities to live in the U.S., according to the Council for Community and Economic Research’s Cost of Living report.
- Cedar Park, Texas.
- Midland, Texas.
- Ogden, Utah.
- Raleigh, North Carolina.
- Provo, Utah.
- Des Moines, Iowa.
- Austin, Texas.
- Minneapolis, Minnesota.
What city has the lowest cost of living?
Wichita Falls, Texas, was named the city with the lowest cost of living. Visit Business Insider’s homepage for more stories.
